Prefab, but Make It Luxury: Modular Homes Can Be High End Too

Ty Sharp, a 26-year-old software consultant from Aspen, Colo., is building a 2,876-square-foot vacation home in Ventura, Calif. The four-bedroom, four-bathroom custom home, for which he’s paying $1.695 million, will have an open-concept floor plan, a chef’s kitchen, engineered hardwood floors and a master bedroom with a private patio and soaking tub.

But if you visit the quarter-acre site, which has views of the Pacific Ocean, you’ll find only a foundation despite the fact that the home is slated for completion within two months. That is because Mr. Sharp’s new house, a prefabricated modular home, is being manufactured in a factory two hours away.